Cryptocurrencies
These 3 Charts Suggest Ether’s Record Run Is Set for a Pause
- Ether has outperformed larger token Bitcoin so far this year
- That has come amid a broader speculative rally in cryptos
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Technical indicators suggest the rally in Ether, the second-largest cryptocurrency, is due a breather after a record-breaking run.
The native token of the Ethereum blockchain is up more than sixfold this year, topping Bitcoin’s 127% rise amid speculative fervor for digital assets. Upgrades to the Ethereum network and its popularity for so-called decentralized financial services and digital collectibles also boosted Ether demand.